Financial integrated data and software provider Factset Research (FDS) has signed on to the United Nations (UN) Global Compact and the Principles for Responsible Investment (PRI) initiatives. The company offers analytical applications, financial information and industry services to corporate and investment communities.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The UN Global Compact is the largest corporate sustainability initiative in the world, and the PRI comprises a global network of service providers, owners and asset managers, who work towards putting responsible investment into practice.
Factset’s move to join PRI and UN Global Compact follows participation in the World Economic Forum’s ‘Measuring Stakeholder Capitalism’ initiative; and the launch of the Truvalue Labs SDG Monitor, among others. (See Factset stock chart on TipRanks)
The CEO at FactSet, Phil Snow, said, “Our agreement to adhere to the UN Global Compact and PRI further reflects FactSet’s commitment to living our values and helping capital market participants and other stakeholders integrate sound ESG metrics into their investment workflows.”
Last week, RBC Capital analyst Ashish Sabadra initiated coverage on the stock with a Buy rating and a price target of $375 (10.7% upside potential). The analyst said, “Strong demand due to economic recovery and digital transformations has resulted in a solid deal pipeline.”
Overall, the stock has a Moderate Sell consensus based on 1 Buy, 5 Holds and 5 Sells. The average Factset Research price target of $321.33 implies 5.2% downside potential. The company’s shares have gained 6.1% over the past six months.
Related News:
Nikola Adds 51 Dealerships; Shares Jump
Oatly Accused of Overstating Revenue by Activist Short-Seller Firm
Google Cloud Inks Multi-Year Partnership Deal with Bell Canada
